7:45 am. I am super, super impressed with how the mining stocks have held up this morning. They made a really nice come back from the morning’s lows. I also like how gold and silver are holding up a lot better than TLT. I would like to see gold and silver pull away from their coupling pattern with bonds because if the precious metals can do that, then maybe, just maybe, we can see a dual rally in metals/mining along with the indices as bonds continue to fall.

It is still too early to tell, though, whether the correction is over in the mining sector. I want to wait until the close to determine whether to buy back for a longer-term position. I also would like to see some buying action in the dark pool.